Bitfarms Conference: BITF Details Pivot From Bitcoin Mining to AI Data Centers and HPC Power Play

Wilson pointed to rising lease economics as evidence of the bottleneck. He said data center lease rates, which grew roughly 3% on average over the last 20 years, have increased at an average of about 12% since 2022. He also cited industry commentary around a future power shortfall for data centers by 2030 and referenced a public statement by Microsoft’s CEO that the company has GPUs it cannot deploy due to infrastructure constraints.Chief Operating Officer Liam Wilson said the company’s core thesis is that ...